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<v Speaker 1>Hey everybody, Welcome into the Thinking Crypto podcast. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward

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<v Speaker 1>on your weight and please sit that subscribe button as

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<v Speaker 1>well as a thumbsup button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks.

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<v Speaker 1>Lots happening on the charts and price action today. Bitcoin

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<v Speaker 1>currently trading at over one hundred and fifteen thousand dollars,

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<v Speaker 1>so we saw a big move today and this was

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<v Speaker 1>important because it's showing the bulls are grabbing the momentum.

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<v Speaker 1>And if we look at the Bitcoin daily chart, we

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<v Speaker 1>see the MACD has flipped bullish. This is what we

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<v Speaker 1>discussed in yesterday's episode, and now we have two solid

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<v Speaker 1>green bars on that MACD, so bulls are in control

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<v Speaker 1>right now. The RSI and the daily shows there's still

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<v Speaker 1>room for the price to run up before we hit

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<v Speaker 1>the overbought zone. So we got some more upside here.

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<v Speaker 1>But the important part was the weekly closed. The weekly

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<v Speaker 1>clothes that we got today was very good. It was

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<v Speaker 1>over one hundred and thirteen thousand, four hundred dollars. This

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<v Speaker 1>was something many different traders and analysts were highlighting that

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<v Speaker 1>Bitcoin needed a weekly close above this price point, to

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<v Speaker 1>close above the twenty week SMA. So very good sign.

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<v Speaker 1>Now I'm not here cheerleading that, oh man, we're gonna

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<v Speaker 1>pump to one hundred and fifty thousand next week. No, no, no,

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<v Speaker 1>we got work to do here. Bitcoin has work to do.

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<v Speaker 1>We need more confirmation because the market can certainly fake

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<v Speaker 1>us out. But I'm going to share some other factors

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<v Speaker 1>that are very good. We've been seeing that the SMP

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<v Speaker 1>five hundred has been hitting new all time highs, so

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<v Speaker 1>this is very good. That Matt d on the daily

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<v Speaker 1>for the SMP five hundred also flipping bullish. And as

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<v Speaker 1>we've been discussing over the past few weeks, gold has

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<v Speaker 1>topped out here. Now whether that's a local or blow

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<v Speaker 1>off top, I don't know. We'll have to wait and see.

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<v Speaker 1>But nevertheless, rotational liquidity is happening. Notice that when gold

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<v Speaker 1>topped out, the SMP five hundred hit a new all

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<v Speaker 1>time high, and now bitcoin's running again. Do you see

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<v Speaker 1>the thesis? Right? We're just looking at data here and

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<v Speaker 1>a lot of people still don't grasp that we are

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<v Speaker 1>in a macro bull market for all assets. They're very

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<v Speaker 1>tunnel vision focus, hyper focus on crypto, and I get it,

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<v Speaker 1>that's where your money is. But you have to understand

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<v Speaker 1>the bigger picture of what's moving these markets, and that's

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<v Speaker 1>the debasement of currency, the liquidity. Global liquidity going up

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<v Speaker 1>because central banks are printing, so you have inflation with

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<v Speaker 1>the prices of goods, but also the inflation of the

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<v Speaker 1>prices of assets. But they don't all move at the

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<v Speaker 1>same time. Each has its day in the sun, so

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<v Speaker 1>to speak. Right, So gold has been ripping, you know,

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<v Speaker 1>real estates at all time highs as well cryptostocks and

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<v Speaker 1>much more. So we're in the everything bubble, if you

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<v Speaker 1>want to call it that. But crypto, as Paul Trugione said,

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<v Speaker 1>is the fastest horse in the race. So once again

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<v Speaker 1>you have that correlation between gold and crypto. I wrote

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<v Speaker 1>about this in my newsletter and much more. Guys, all

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<v Speaker 1>the data is there. Go sign up for my free

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<v Speaker 1>email news that are a link would be in the description.

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<v Speaker 1>So again we're seeing that rotation that's very good. And

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<v Speaker 1>you know, individual stock indexes in addition to the S

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<v Speaker 1>and P five hundred are breaking out, such as the Rustle,

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<v Speaker 1>So that's very good, and in fact, Etherorem's chart has

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<v Speaker 1>an identical structure to the Rustle right now, so we

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<v Speaker 1>need to see ethereum breakout and enterprise discovery, and I

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<v Speaker 1>believe the rest of the all coin market will follow.

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<v Speaker 1>So we often track Total three, which excludes Bitcoin, Etherorem,

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<v Speaker 1>and stable coins, and we see that has been on

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<v Speaker 1>the rise, but obviously pulled back due to the corrections

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<v Speaker 1>we've seen over the past month or so. So Bitcoin

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<v Speaker 1>leads the market, and then you have rotation from Bitcoin

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<v Speaker 1>down to Ether and then to the rest of the

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<v Speaker 1>all coin markets. I don't make the rules, that's just

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<v Speaker 1>the data that those are the facts. So whether you

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<v Speaker 1>like bitcoin either whatever, that doesn't matter. What matters is

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<v Speaker 1>the reality of the situation and what's taking place here.

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<v Speaker 1>So again, folks, I've been talking about this for years, right,

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<v Speaker 1>We've been talking a lot about it, despite floodsters, people

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<v Speaker 1>getting emotional. Just the data, right, and a lot of

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<v Speaker 1>these things I shared at the beginning of the year

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<v Speaker 1>with the tariff crash. Then the other factor that we've

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<v Speaker 1>been highlighting is bitcoin dominance that has not collapsed like

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<v Speaker 1>we've seen the previous tops of the prior bull markets,

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<v Speaker 1>so we're waiting for that waterfall collapse down and it

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<v Speaker 1>hasn't happened. We've had periodic pull drops, you know, where

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<v Speaker 1>we had rallies like in Q one and Q two

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<v Speaker 1>of twenty twenty four, then Q four of twenty twenty four,

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<v Speaker 1>obviously over the summer July into August where bitcoin hit

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<v Speaker 1>a new all time high. But we have not had

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<v Speaker 1>that massive collapse. So that is still on deck, and

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<v Speaker 1>that's one of the factors that we're going to look

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<v Speaker 1>at when we're saying, hey, the top is near right,

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<v Speaker 1>because if that starts breaking down significantly, we're going to

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<v Speaker 1>have to, you know, take action accordingly. Same same thing

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<v Speaker 1>with USDT dominance. Now something big that is happen happening today.

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<v Speaker 1>We're seeing a lot of progress with the US China

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<v Speaker 1>tariff situation. You know, a bunch of factors I've been

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<v Speaker 1>outlining on this podcast as well as in my newsletter

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<v Speaker 1>is that there are some macro factors that are aligning

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<v Speaker 1>here as huge narratives to go with the market. The

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<v Speaker 1>bull market continuing to a blow off top and that

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<v Speaker 1>is one US China tariff resolution. So it seems like

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<v Speaker 1>we're having we're getting that. I'll give you the details

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<v Speaker 1>after this. Number two, US government reopens. Number three FED

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<v Speaker 1>continues to cut rates, and in fact, the FED funds

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<v Speaker 1>of futures markets here on CME shows that there's about

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<v Speaker 1>a ninety seven ninety eight percent percentage that the FED

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<v Speaker 1>is going to cut this week. We're going to hear

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<v Speaker 1>in October twenty ninth, of course. And then just recently

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<v Speaker 1>we got a signal from Jerome Powell that the FED

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<v Speaker 1>is going to ramp down quantitative tightening, and we know

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<v Speaker 1>quantitative easing is following that. Number four clarityac the crypto

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<v Speaker 1>market structure build passing the Senate, and number five the

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<v Speaker 1>SEC approves the individual all coin tts for XRP and

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<v Speaker 1>much more so, folks. All of these things are on

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<v Speaker 1>the horizon here. So this is why I am not bearish,

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<v Speaker 1>not yet at least right I haven't seen the true

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<v Speaker 1>euphoria parabolic move. No bull market ends in fear. And

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<v Speaker 1>this is where you know people are just simply forgetting.

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<v Speaker 1>They're just caught up in the emotions of what's happening

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<v Speaker 1>now versus let me step back and look at the

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<v Speaker 1>grand picture, the macro and I've been preaching macro for

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<v Speaker 1>a long time, and I hope I'm getting through to

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<v Speaker 1>some of you guys to start looking at the market differently.

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<v Speaker 1>So Scott percent US Treasury Secretary, you know, he said

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<v Speaker 1>they have a substantial trade framework with China and it

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<v Speaker 1>has been reached. So we got positive statements from both

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<v Speaker 1>China and the US today. Trump is going to meet

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<v Speaker 1>with President g this week. So Scott Pissent said, President

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<v Speaker 1>Trump gave me a great deal of negotiating leverage with

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<v Speaker 1>the threat of one hundred percent tarifts on November first,

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<v Speaker 1>and I believe we have reached a substantial framework that

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<v Speaker 1>will avoid that and allow us to discuss many other

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<v Speaker 1>things with the Chinese. So I think this is coming

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<v Speaker 1>to a resolution. Is its sign seal delivered yet? Of

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<v Speaker 1>course not right. This is why I said I'm not

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<v Speaker 1>celebrating yet. I want to see a lot of these

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<v Speaker 1>things resolve, and I want to see bitcoin blast through

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<v Speaker 1>the old all time high of one hundred and twenty

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<v Speaker 1>six twenty seven thousand dollars. Then I'm going to start

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<v Speaker 1>partying a bit, right if you get what I'm saying.

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<v Speaker 1>Right now, we are digging our way out of this hole,

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<v Speaker 1>and we have to build support levels, and there's going

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<v Speaker 1>to be volatility. So please understand, I'm not saying call

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<v Speaker 1>home and tell everybody that we're pumping to the moon

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<v Speaker 1>next week. The no, No, that's not what this update

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<v Speaker 1>is about. It's to let you know we're seeing positive signs.

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<v Speaker 1>We're moving up slowly but surely, and we have some

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<v Speaker 1>big macro factors on the horizon. But things are starting

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<v Speaker 1>to look very good, folks. So patience is the key,

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<v Speaker 1>my friends, patients, patients, patients. Here's what Tom Leem, who's

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<v Speaker 1>had some great calls you know this bull market cycle,

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<v Speaker 1>had to say regarding the news about the US and China.

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<v Speaker 1>He says, positive development with US and China trade relations.

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<v Speaker 1>He says up for equities, this includes the S and

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<v Speaker 1>P five hundred QQQ and much more. He says up

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<v Speaker 1>for a supercycle ethereum, up for bitcoin. So he is bullish,

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<v Speaker 1>and you know yesterday we reported that he expects the

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<v Speaker 1>year to end in a big rally for stocks in crypto. Now,

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<v Speaker 1>whether that's a blowoff top or a local top, we'll

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<v Speaker 1>have to keep monitoring the metrics and the data, like

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<v Speaker 1>bitcoin dominance, like the Bitcoin PI cycle top indicator, like

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<v Speaker 1>what bigcoin whales are doing based on on chain data?

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<v Speaker 1>Are they dumping? You know? Is that line on the

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<v Speaker 1>chart going down in a big down trend? Right, We're

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<v Speaker 1>gonna look at USDT dominance. How far down have we broken?

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<v Speaker 1>So these items, in addition to others, is what we're

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<v Speaker 1>going to use to validate what the hell is happening.

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<v Speaker 1>And you know, how should we execute as far as

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<v Speaker 1>profit taking? So, folks, again, great signs. Bulls are capturing

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<v Speaker 1>the momentum. We need to capture the weekly for bitcoin.

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<v Speaker 1>But dealies in control of the bulls. The monthies in

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<v Speaker 1>control of the bulls. So I like what I'm seeing here.

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<v Speaker 1>Let's see what this week brings us now, folks, A

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<v Speaker 1>great place where you can buy, sell, and stake your

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<v Speaker 1>crypto assets is on Uphold. Uphold is a great platform

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<v Speaker 1>I've been using since twenty eighteen. They have three hundred

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<v Speaker 1>plus cryptocurrencies and they also offer staking on twenty plus

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<v Speaker 1>crypto assets. And best of all, folks, they are fully reserved.

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<v Speaker 1>They don't commingle or lend out your crypto assets. I

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<v Speaker 1>personally never had an issue with them. They're reliable and

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<v Speaker 1>you can review their transparency report on their website. So

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<v Speaker 1>they have a lot of transparency and openness there where

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<v Speaker 1>you can see what they're doing. In addition, they have

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<v Speaker 1>a great rewards program called Uphold Rewards where you can

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<v Speaker 1>earn up to five point twenty five percent on stable coins.

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<v Speaker 1>You can also get twenty four hour early access to

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<v Speaker 1>new tokens that they list. And these stable coins they

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<v Speaker 1>support includes Ripples, r L, USD you can earn up

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<v Speaker 1>to five percent there and USBC you can earn up

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<v Speaker 1>to five point two five percent there. And in order

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<v Speaker 1>to participate, simply have to open the app once per month,

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<v Speaker 1>deposit fifty dollars once per month, and trade fifty dollars

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<v Speaker 1>once per month. So very simple, and they have a

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<v Speaker 1>ton more other features guys, that you can check out.

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<v Speaker 1>So once again, I'm a user of this platform, have

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<v Speaker 1>been for years. So if you'd like to learn more

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<v Speaker 1>about Uphold, check out the link in the description. Now, folks,

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<v Speaker 1>we have some very big news around XRP and Ripples.

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<v Speaker 1>So XRP Ledger validator sees NFT to NFT trading potential

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<v Speaker 1>in proposed batch amendment, so this is interesting. The proposed

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<v Speaker 1>batch amendment for the XRP Ledger introduces atomic transaction capabilities.

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<v Speaker 1>This amendment is particularly beneficial for NFT trades, enabling seamless

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<v Speaker 1>NFT to NFT swaps in a single transaction, to insurer

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<v Speaker 1>security and automative see I've never heard of that. According

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<v Speaker 1>to a validator, the BATCH amendment has reached sixty eight

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<v Speaker 1>point five to seven percent consensus among validators, with eighty

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<v Speaker 1>percent required for activation. So we continue to see developments

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<v Speaker 1>on the XRP Ledger and in addition to other blockchains.

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<v Speaker 1>Right everybody's fine tuning adding new features. So this is

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<v Speaker 1>really great atomic transaction capabilities, and that's a great feature

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<v Speaker 1>that only blockchains enabled to have that atomic settlement, and

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<v Speaker 1>I think it's it's going to be the game changer

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<v Speaker 1>for how tradfy and the economies and much more transact

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<v Speaker 1>with each other moving forward. I've often stated the markets,

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<v Speaker 1>the economies, and the governments will all be running a

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<v Speaker 1>blockchain rail, so you need atomic settlement. So this is

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<v Speaker 1>really great moving ahead, we got some updates around Solana here.

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<v Speaker 1>Solana's Marinade Labs CEO eyes lower barrier to entry for

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<v Speaker 1>validators after the ALP and Glow upgrade, so similar to

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<v Speaker 1>the XRP Ledger was seeing some up rates here for Solana.

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<v Speaker 1>So Solana's upcoming OUP and glow upgrade could mark a

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<v Speaker 1>turning point for the network staking economy. Coindest sat down

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<v Speaker 1>with Michael Repetini, CEO of Marinate Labs, the firm that

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<v Speaker 1>supports Solana's liquid steaking protocol Marinade, to discuss how the

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<v Speaker 1>update aims to change the economics of running a validator

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<v Speaker 1>on Solana, significantly lowering the barrier to entry. As the

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<v Speaker 1>Solana ecosystem prepares for an upgrade at the end of

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<v Speaker 1>this year or in early twenty twenty six, Repidney shares

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<v Speaker 1>his thoughts on how this shift could expand validator participation

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<v Speaker 1>and improve decentralization even as higher hardware demands loom. So

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<v Speaker 1>this is really great guys. Again, we're seeing progress around

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<v Speaker 1>around the major chain. So both XRP, the xrpre ledger

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<v Speaker 1>and Solana are both top top five assets, right in

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<v Speaker 1>the top ten. So this is what you want to see,

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<v Speaker 1>continued innovation and expansion and much more. Now, final news

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<v Speaker 1>item here, coinbase wants to bring the entire startup life

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<v Speaker 1>cycle on chain. CEO Brian Armstrong says, so coinbase continues

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<v Speaker 1>to make a lot of progress. Yesterday we talked about

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<v Speaker 1>their potential new token on base, you know, similar to

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<v Speaker 1>the binance BnB token, right, and I mentioned, you know,

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<v Speaker 1>that is something I may want to invest in given

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<v Speaker 1>the size of coinbase, its brand, being the largest crypto

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<v Speaker 1>exchange in the United States. And look, you just look

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<v Speaker 1>at the performance of B and B and I wish

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<v Speaker 1>I bought that, you know, a while back. But I

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<v Speaker 1>think we have that opportunity here with Coinbase. So Coinbase

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<v Speaker 1>CEO Brian Armstrong has outlined an ambitious plan to move

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<v Speaker 1>every stage of a startups journey from incorporation, to fundraising

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<v Speaker 1>and public trading onto the blockchain. This would be huge, guys,

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<v Speaker 1>and I definitely see this all going on the blockchains. So,

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<v Speaker 1>speaking on the TBPN podcast, Armstrong described his vision for

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<v Speaker 1>an on chain life cycle where founders could incorporate their startups,

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<v Speaker 1>raise seed rounds, receive instant capital in USDC, and eventually

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<v Speaker 1>go public around the tokenized equity. Here's a quote. You

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<v Speaker 1>can imagine this whole life cycle coming on chain, he said,

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<v Speaker 1>adding that such a shift could increase the number of

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<v Speaker 1>companies who go raise capital and get started out there

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<v Speaker 1>in the world. So Armstrong said startups will no longer

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<v Speaker 1>need banks or lawyers to handle global transfers, as funding

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<v Speaker 1>can be raised instantly through on chain smart contracts. Once

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<v Speaker 1>capital arrives, founders can start generating revenue, accepting crypto payments,

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<v Speaker 1>access financing, and even take their companies public directly on chain.

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<v Speaker 1>What he's saying here is the future. Larry Fink and

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<v Speaker 1>Black Rock and Wall Street already gave you the signal.

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<v Speaker 1>The future of finance is on chain. It's tokenization. Right.

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<v Speaker 1>So you imagine being a founder and you have an

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<v Speaker 1>idea and you want to build a company. You can

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<v Speaker 1>do that on chain and open to a global market

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<v Speaker 1>with people who can participate, And there's no longer the

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<v Speaker 1>you have to be a hedgephorn or an accredited investor.

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<v Speaker 1>You can be some random dude in Latin America or

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<v Speaker 1>some country in Africa, or in India, wherever, somewhere in

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<v Speaker 1>Europe and you can participate. You can back that founder

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<v Speaker 1>because you like their idea, right, and you would get

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<v Speaker 1>a share in this form of a token. And in you,

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<v Speaker 1>as the entrepreneur, the builder of the company, you know

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<v Speaker 1>you can do so much more, raise capital, get more

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<v Speaker 1>people to participate, so so many new opportunities here with

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<v Speaker 1>this technology, and it's just game changing. So the world's

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<v Speaker 1>going to change, folks. So this is why I keep

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<v Speaker 1>saying this almost every podcast episode. I'm not just bullish

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<v Speaker 1>on this cycle, but the future cycles as well. And

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<v Speaker 1>that's why when the bear market rolls around, I'm going

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<v Speaker 1>to be backing up the truck, buying as much as possible,

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<v Speaker 1>sitting back and being patient, right and waiting for the

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<v Speaker 1>next bull market all the tops again. And that's what

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<v Speaker 1>I'm doing right now, in full transparency. My portfolio is up, guys.

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<v Speaker 1>I'm not if I would have to sell right now,

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<v Speaker 1>I would be in some very good profits right but

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<v Speaker 1>I know based on the data there's a bit more upside,

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<v Speaker 1>so I want to grab a bit more of that now. Obviously,

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<v Speaker 1>no one can call the exact tops that we want

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<v Speaker 1>to ladder out, and I'll be telling you, guys where

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<v Speaker 1>I'm taking profits out. Of course, I've not taken any

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<v Speaker 1>profits as yet, not on Bitcoin. My first price target

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<v Speaker 1>I have in my sheet that I'm tracking all this

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<v Speaker 1>is about one hundred and thirty five, and you know,

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<v Speaker 1>I'll be laddering out as we go higher one forty

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<v Speaker 1>five fifty YadA YadA, right, and the same thing for

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<v Speaker 1>Etherorem Salona XRP as well. So I'll be letting you

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<v Speaker 1>guys know when I see the signals flashing. Now, as always,

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<v Speaker 1>I don't cult follow me, you know, listen to different

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<v Speaker 1>point of views. I'm human, I may get things wrong,

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<v Speaker 1>but I hope you appreciate that. I'm pointing you to

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<v Speaker 1>the facts and the data and not only looking at

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<v Speaker 1>but looking at on chain data and the macro. I

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<v Speaker 1>think a lot of chart guys they get blinded by

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<v Speaker 1>simply the charts, and it's like, hey, there's other factors

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<v Speaker 1>you have to look at here that are driving markets.

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<v Speaker 1>So we want to look at the market holistically. We

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<v Speaker 1>want to be as educated as possible. So I hope

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<v Speaker 1>you guys appreciate that. All right, folks, that's the news.

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<v Speaker 1>Let me know what you think. Leave your thoughts and

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<v Speaker 1>comments below, hit the thumbs up button, and if you

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<v Speaker 1>appreciated this content, please subscribe to my free email newsletter.

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<v Speaker 1>It is one hundred percent free. Link will be in

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<v Speaker 1>the description. Check out my book on Amazon it's available

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<v Speaker 1>in paperback and digital, and my course at Mycrypto course

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<v Speaker 1>dot com. This is a comprehensive course that teaches you

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<v Speaker 1>everything about crypto. So, folks, thank you so much for

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<v Speaker 1>tuning in. I appreciate you all, and I'll talk to

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<v Speaker 1>you all later